Housing Development Finance Corporation rose 2.2% to Rs 792 at 14:33 IST on BSE, with the stock recovering on bargain hunting after 2-day 7.09% slide.
Meanwhile, the S&P BSE Sensex was up 43.52 points or 0.22% at 19,944.48.
On BSE, 1.02 lakh shares were traded in the counter as against average daily volume of 2.51 lakh shares in the past one quarter.
The stock was volatile. The stock rose as much as 2.81% at the day's high of Rs 796.80 so far during the day. The stock lost as much as 1.28% at the day's low of Rs 765 so far during the day. The stock had hit a record high of Rs 931 on 30 May 2013. The stock had hit a 52-week low of Rs 632.30 on 28 August 2013.
The stock had underperformed the market over the past one month till 23 September 2013, rising 4.65% compared with the Sensex's 7.46% surge. The scrip had also underperformed the market in past one quarter, declining 5.71% as against Sensex's 6% gain.
The large-cap company has equity capital of Rs 311.42 crore. Face value per share is Rs 2.
Shares of Housing Development Finance Corporation (HDFC) had declined 7.09% in two trading sessions to settle at Rs 774.95 on Monday, 23 September 2013, from a recent high of Rs 834.15 on 19 September 2013.
HDFC's net profit rose 17.1% to Rs 1173.10 crore on 12.6% growth in total income to Rs 5564.94 crore in Q1 June 2013 over Q1 June 2012.
HDFC has a wide network of offices catering to over 2,400 towns and cities spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).
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